By Srinivas Chowdary Sunkara // petrobazaar // 25th June 2020.
PETROL DIESEL PRICE TODAY IN INDIA
DIESEL PETROL PRICES TREND IN INDIA
In India, Diesel and petrol prices are changed daily in line with a rise and fall of global oil prices. Following the daily price revision of auto fuels in India, Today, Petrol prices are increased by 17 paise per ltr or 0.2 pct and diesel prices are hiked by 13 paise per ltr or 0.17% from yesterday revision. Both the motor fuel oil prices are spiked for 19th straight day in a row since the easing of lock down across India. Petrol prices are increased by Rs.8.66 or 11.5% and diesel prices are burdened by Rs.10.63 or 14.31% in the national capital of India for last 19 days. In Hyderabad, Petrol is being sold at Rs.82.79 and Diesel at Rs.82.96 a liter today. In Delhi, Petrol is priced at Rs.79.92 and diesel at Rs.80.02 per liter. In Kolkata, Petrol is now selling at Rs.81.61 and diesel at Rs.75.18 a liter. In Mumbai, Petrol and diesel are costing Rs.86.70 and Rs.78.34 respectively. Petrol pumps are charging Rs.83.18 and Rs.77.29 per liter respectively in Chennai. Despite the easing of restrictions, India's total oil products demand may be lower by an average of 500,000 barrels a day in June-July versus a year ago as per the industry experts.
BIODIESEL PRICE TRENDS
Biodiesel prices are bench marked with diesel prices in Indian retail market. The retail prices of bio diesel remain unchanged today and trended to follow the changes in diesel prices in India. Bio diesel B100 and B50 graded fuel prices are sold at competitive prices in Hyderabad retail market. Crude Palm Oil Sep futures are trading 31 ringgits down to 2405 ringgits and FKLI June futures lost 3.5 ringgits to 1495.5 on Bursa Malaysia.
Disclaimer: Views and opinions expressed here are personal. This commentary is for information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com
